This question has also been asked and answered here: Ativan vs Xanax - How do they compare?
Not technically. It's about half the strength of xanax, but nothing beats a good 'ol IV of lorazepam when you're in the hospital ;)
According to most benzodiazepine equivalence tables, 1mg lorazepam equals 0.5mg alprazolam. I'd link you to the table but my comment wouldn't get posted due to the link. (the site automatically flags the post as possible spam so it has to be manually approved, and they never go through).
So again, Xanax is roughly twice the strength of lorazepam. Good luck.
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